Gold MetaTrader 5 Transactions Tabs Panel
The MT5 XAUUSD Platform Terminal Window is mainly used for monitoring your Gold MT5 account balance, MT5 account equity and transaction reports mainly. There are other operations that can be set up on this panel but most of these are not commonly used.
On the online xauusd trading platform MetaTrader 5 the Terminal Panel is shown below:
Terminal Window - MetaTrader 5 Online XAUUSD Platform
The Terminal Window has the Following Sub Menu or Tabs:
- Trade
- Gold Trading Account History
- News
- Alerts
- Mailbox
- Trading Signals
- Code Base
- Experts
- Journal
Let us look at each on its own:
Trade Tab
If you open a XAUUSD on the MT5 Platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The XAUUSD, open a sell xauusd trade order the following details will be recorded on this Trade Tab panel.
Trade Tab - XAUUSD Platform Trading Windows
From the above examples we have opened a Sell XAUUSD: trade details are illustrated above under the column details marked
Order, Time, Type, Size, Quote, XAUUSD Price, S/L,T/P, Commission, Swap, Profit
Order, - The trade number
Time, - The Time
Type, - The Type of order, Sell or Buy
Size, - Size of trade, 1 Standard Lot
Quote, - xauusd Symbol, XAUUSD
S/L, - StopLoss XAUUSD Order
T/P, - Take-Profit XAUUSD Order
Current XAUUSD Price
Commission, - Commission (no commission charged by this broker)
Swap, - no swap charged as per now, the trade has not stayed overnight
Profit - $51 dollars
Most common operation after opening a trade is to place the StopLoss Gold Order & Take Profit XAUUSD Order, These are abbreviated as S/L and T/P. There is likely no other operation to setup after this only to monitor the gold trades within the trading platform work-space after setting these two levels, the stop loss will close your trading order with a minimum loss & the take profit will close-out your trade at a reasonable profit.
To place this S/L and T/P, we shall Right Click anywhere within this Trade Tab, part shaded grey, the following menu will pop and appear, this menu is used to make changes to the current order that is open.
This will appear as:
Modify a Gold Order on the MT5 Platform
The Menu has The following Options:
- New Order - Put a new transaction
- Close - Can close this transaction at current gold price
- Modify or Delete - Can Modify the S/L & T/P, (order cannot be deleted, delete is for pending xauusd orders that are not yet executed)
- Trailing Stop - Set a trailing Stop Loss XAUUSD Order
- Profit - View profit as either pips, term xauusd or deposit currency: depending on which option you favor.
- Commission, Taxes, Comments, are additional columns that you as a trader can chose to show or hide by ticking/unticking(Checking/Unchecking) them.
- Auto Arrange - Arrange xauusd charts according to alphabet, time of open, most profitable according to sorting by selecting a column of arranging priority, for example "Time" column.
- Grid - Show Grid or do not Show Grid, by Ticking/Unticking This MT5 option.
To Set Take Profit Gold Order & Stop Loss XAUUSD Order, T/P & S/L we use the third option, "Modify or Delete", after clicking this the following panel will popup:
S/L is set at 250 points - 25 pips
T/P is set at 500 points - 50 pips
You can set this two points by selecting 250 and 500 on the part labeled points, the red part marked copy is for Stop Loss Gold Order & blue part marked copy as is for Take Profit XAUUSD Order as shown on the screen-shot below.
After that press the wide red button marked modify to modify.
Modify a Order on MT5 xauusd Platform
Order will then appear as below, note that the S/L and T/P columns for our trade have now been updated as illustrated & shown below.
Take Profit Gold Order & Stop Loss XAUUSD Order Levels Shown on Meta xauusd trader Platform
S/L and T/P Trading Order Details Updated on the Meta 5 trader Platform Transaction Window
If you were to close the above trade now, then trades will be updated as follows, to reflect that trade has been closed and the profit added to your MetaTrader 5 account balance.
XAUUSD Account Balance Updated on the MT5 Platform
Gold Trading Account History
This is used to generate trade reports of gold trades that have been opened previously and have been closed. This is a record of all previous transactions.
Trade Reports Window on MetaTrader 5
On the above examples, there are currently no trade records on this transaction history recorded. There needs to be a couple of closed trade transactions for this record to show some entries. Let us see what happens when we close our open position of xauusd.
XAUUSD Trading Closed Transaction Recorded on MT5 XAUUSD Account History Transaction Tab
From the above examples, once our open xauusd order was closed the transaction was then recorded as an entry within "Account History" of the MetaTrader 5 XAUUSD Platform
MT5 XAUUSD Account History Menu
XAUUSD Trading Account History Menu
This menu is shown above & can be accessed by right-clicking anywhere within the MetaTrader 5 account history panel. Last Four (commissions, Taxes, comments, Auto Arrange & Grid are used more for formatting purposes but not for trading in general, therefore we shall not look at these as they are self explaining)
The following 6 options are Shown Below:
All History, Last Three Months, Last Month or Custom Period - all these options can be used to select the time period for which you want to generate the history of transactions.
Save as Report, Save as Detailed Report - This will generate a report of all trade transactions along with profit and loss calculation, draw-down calculation, profit factor calculation, the expected pay-off factor of the system you use along with the total number of profitable trade transactions, losing ones, the average loss per trade & the average profit per trade as illustrated below.
Generating Trade Reports of Your Gold Account on MT5 Trader Platform
Save as Report
Save as Detailed Report
Saving detailed Reports of Trading Transactions History on Meta Trading 4 Platform
News Tab
This is the third option within the MetaTrader 5 Terminal Window this panel is used to display a list of current news provided as a news feed by your gold broker. This is shown below:
Gold News Stream on MetaTrader 5
Alerts Tab
This is used to set an alert for gold price when it reaches a pre determined level. For examples you may be using a Bollinger bands, an indicator that forms an upper boundary & lower boundary and you want to set an alert for gold price when it gets to any one of these levels.
For example, in our above examples we may want to put an alert for at 50 pips below the current gold price, we shall open the Alerts Tab, and right click to activate the menu below:
How to Set XAUUSD Price Alerts on MetaTrader 5
On the above panel, choose, Create and create one as follows:
Setting XAUUSD Price Alerts in MT5 Software
Put the sound as the alert action, xauusd symbol is the XAUUSD, set the condition to set is when bid gold price is less than(Bid<-<) & put the value for example at 1.34730, select the source of alert sound as above, (This is a sound file with extension Alert.wav), adjust the timeout to Ten seconds & iterations at maximum of 50, then select OK to activate it.
Setting XAUUSD Price Alerts on MetaTrader 5
The above alert is then set and an alert will sound off once this gold price of XAUUSD Trading goes below this level.
By right clicking on this, the Alert Menu will provide options for modifying it, deleting it or turning it off. You can download MT5 & practice opening This MetaTrader 5 option to see how you can put a new alert or delete the same or modify it.
Mailbox Tab
Mailbox is used to view the messages which have been sent to you, to your Online xauusd software as illustrated below:
Mail Box on MetaTrader 5
Gold Trading Signals Tab
Contains of a list of XAUUSD Signal Providers that traders can subscribe to through their MetaTrader 5 XAUUSD Platform, this is shown below, one can select any signal provider and click subscribe to get the trade signals.
MetaTrader 5 Signals Provided From MQL5 XAUUSD Website Directly to the Platform
To learn & know more about MetaTrader 5 MQL5 Signals, navigate to the MQL5 XAUUSD Signals Page.
CodeBase Tab
CodeBase contains a list or a library of Automated Gold Expert Advisors that one can purchase from through their MT5 XAUUSD Platform and then use this Automated Gold Expert Advisors which are automated programs used to trade xauusd. These EA XAUUSD Robots are set up Automated Gold Expert Advisors on the traders MT5 XAUUSD Platform. To use these Automated Gold Expert Advisors (EAs) one has to activate automated trading option within their platform a topic described in the next tutorial. The Code Base is shown Below:
MT5 Automated Gold Expert Advisors Provided From MQL5 XAUUSD Website Directly to the Platform
To learn & know more about MetaTrader 5 MQL5 Automated Gold Expert-Advisors, navigate to the MQL5 XAUUSD Automated Gold Expert Advisors Page.
Experts Tab
Shows a list of all Automated Gold Expert Advisors that have been installed on the MetaTrader 5 Platform, for Example the image below shows two EA XAUUSD Robots are installed on this xauusd platform. This MT5 option also shows the trading specifications of each Expert Advisor, these include trading parameters such as Take Profit XAUUSD Orders, Lot Size, Trailing Stop Levels and all the other custom trading parameters of the Expert Advisor that has been installed on xauusd trading platform.
Automated XAUUSD Automated Gold Expert Advisors Installed on MetaTrader 5
Journal Tab
Tracks login activities of the Meta 5 trader and from which computer and the IP address of the computer used to login to the platform.
This is more on the technical stuff and traders do not use this one a lot & therefore we shall not explain it here but you can look at this at your own free time, on your MT5 XAUUSD Platform.
